Makhdoom Hashim Jawan Bakht is a

Pakistani Pakistanis (, ) are the citizens and nationals of the Islamic Republic of Pakistan. Pakistan is the fifth-most populous country, with a population of over 241.5 million, having the second-largest Muslim population as of 2023. As much as ...

politician who was the Provincial Minister of Punjab for Finance, in office from 27 August 2018 till April 2022. He had been a member of the

Provincial Assembly of the Punjab The Provincial Assembly of the Punjab, also known as the Punjab Assembly, is the supreme legislative body of Punjab, a province of Pakistan. It convenes at the Assembly Building in Lahore, the capital of Punjab. It is a unicameral legislature o ...

from August 2018 till January 2023 under the

Pakistan Tehreek-e-Insaf The Pakistan Tehreek-e-Insaf (PTI) is a political party in Pakistan established in 1996 by cricketer and politician Imran Khan, who served as the country's prime minister from 2018 to 2022. The party is led by Gohar Ali Khan since late 2023. ...

Early life and education

Bakht was born on 27 September 1979 in

Rahim Yar Khan Rahim Yar Khan (; ) is a city in the Punjab, Pakistan, Punjab, Pakistan. It is the List of most populous cities in Pakistan, 21st most populous city in Pakistan and is the capital of the Rahim Yar Khan District. The city's administration is div ...

Punjab Punjab (; ; also romanised as Panjāb or Panj-Āb) is a geopolitical, cultural, and historical region in South Asia. It is located in the northwestern part of the Indian subcontinent, comprising areas of modern-day eastern Pakistan and no ...

. He studied at the

Aitchison College Aitchison College is an elite private, boarding school, boarding Junior School, Secondary School for boys in Lahore, Pakistan. It has educated Prime Minister of Pakistan, prime ministers, including Imran Khan, Feroz Khan Noon, president of Pakist ...

Lahore Lahore ( ; ; ) is the capital and largest city of the Administrative units of Pakistan, Pakistani province of Punjab, Pakistan, Punjab. It is the List of cities in Pakistan by population, second-largest city in Pakistan, after Karachi, and ...

for schooling from 1986 to 1997. His brother,

Makhdoom Khusro Bakhtiar Makhdum Khusro Bakhtyar (; born 7 July 1967) is a Pakistani politician who recently served as Pakistan's Federal Minister for Industries & Production. Previously, he has served as Federal Minister of Economic Affairs, Federal Minister of Nati ...

is also a graduate from the college and is a politician who is considered to be in a political duo with Bakht. Bakht graduated with a

Bachelor of Commerce A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. The degree is mainly offered in Commonwealth nations. Structure Bachelor of Commerce The Bac ...

degree from the

McGill University McGill University (French: Université McGill) is an English-language public research university in Montreal, Quebec, Canada. Founded in 1821 by royal charter,Frost, Stanley Brice. ''McGill University, Vol. I. For the Advancement of Learning, ...

. He began his career in the banking and finance sector and served as vice president, Corporate & Investment Banking Division at

Citibank Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Ci ...

Political career

Provincial Assembly of the Punjab

Bakht was elected to the

as a candidate of the

Pakistan Muslim League (N) The Pakistan Muslim League (N) or (PML(N)) is a Centre-right politics, centre-right, Conservatism in Pakistan, conservative political party in Pakistan. It is currently the third-largest party in the Senate of Pakistan, Senate and the larges ...

from PP-291 (Rahimyar Khan-VII) in the

2013 Punjab provincial election Provincial elections were held in the Pakistani province of Punjab to elect the 16th Provincial Assembly of the Punjab on 11 May 2013, alongside nationwide general elections and three other provincial elections in Sindh, Balochistan and Khyber Pa ...

. Following this, he served as chairman, Standing Committee on Finance and later resigned from the assembly. Bakht joined the

(PTI) and was elected to the Provincial Assembly of the Punjab as a candidate of PTI from PP-259 (Rahim Yar Khan-V) and from PP-261 (Rahim Yar Khan-VII) in the

2018 Punjab provincial election Provincial elections were held in the Pakistani province of Punjab, Pakistan, Punjab on to elect the members of the 17th Provincial Assembly of the Punjab on 25 July 2018, alongside nationwide 2018 Pakistani general election, general elections a ...

Minister of Finance, Punjab (2018–2022)

On 27 August 2018, Bakht was inducted into the provincial Punjab cabinet of Chief Minister

Usman Buzdar Sardar Usman Ahmed Khan Buzdar (; born 1 May 1969) is a Pakistani politician who was Chief Minister of Punjab, Pakistan, Chief Minister of Punjab from 20 August 2018 to 30 April 2022. Buzdar was a member of the Provincial Assembly of Punjab fro ...

and was appointed as Provincial Minister of Punjab for Finance. During his tenure as Provincial Minister of Punjab for Finance, he introduced budgets and financial legislation advocating for development in sectors of

alongside Chief Minister Usman Buzdar and the PTI-led government.

2019-20 Budget

In June 2019, Bakht presented the provincial budget of Punjab worth Rs. 2.36 trillion focusing on South Punjab’s development. The budget included a total outlay of Rs. 2.36 trillion for the fiscal year 2019-20 and a tax collection target of Rs. 388.4 billion. Of the total budget, an amount of Rs. 350 billion was earmarked for development, while Rs. 1,298.80 billion was allocated for total expenditures. Out of the total development budget, 35% was allocated for South Punjab, an area of concern for development.

2020-21 Budget

Bakht announced the 2020-21 budget in a June 2020 speech. The budget, worth Rs. 2240 billion, allocated Rs. 391 billion for the education sector. The main sectors focused on in the budget were education, health and employment generation. Rs. 97.66 billion were allocated for the social sector and Rs. 77.86 billion rupees for infrastructure development. "The provincial tax collection record an increase of 13 percent, whereas, Rs. 144 billion were distributed among the needy under the Ehsaas Program," said Bakht.

Recent career

He ran for a seat in the

National Assembly of Pakistan The National Assembly of Pakistan, also referred to as ''Aiwān-ē-Zairīñ'', is the lower house of the bicameralism, bicameral Parliament of Pakistan, with the upper house being the Senate of Pakistan, Senate. As of 2023, the National Assem ...

from

NA-171 Rahim Yar Khan-III NA-171 Rahim Yar Khan-III () is a constituency for the National Assembly of Pakistan. Election 2002 General elections were held on 10 Oct 2002. Khusro Bakhtiar of PML-Q won by 70,116 votes. Election 2008 General elections we ...

as an Independent candidate in the

2024 Pakistani general election General elections, originally scheduled to be held in 2023, were held in Pakistan on 8 February 2024 to elect the members of the List of members of the 16th National Assembly of Pakistan, 16th National Assembly of Pakistan, National Assembly. The ...

, but failed to win the seat as he became the runner-up to the PTI-backed Mumtaz Mustafa.

References

{{DEFAULTSORT:Bakht, Hashim Jawan Living people 1979 births Punjab MPAs 2018–2023 Pakistan Tehreek-e-Insaf MPAs (Punjab) McGill University Faculty of Management alumni Finance ministers of Punjab, Pakistan